Tags: Brexit

With each passing day, the anti-Russian hysteria in the western world is becoming more absurd and outlandish. For the last few months, we have been told that Russia has been the nefarious force behind numerous political developments over the past year, with the omnipresent Vladimir Putin portrayed as some sort of evil mastermind who possesses…

With Britain’s post-Brexit economic outlook uncertain, Prime Minister Theresa May was doing her best this week to drum up trade prospects in the Persian Gulf. But her assiduous courting of the monarchs and emirs in what is perhaps the most despotic region in the world spells, ironically, a Mayday distress signal for an intensification of…

In this past weekend’s newsletter, I discussed the potential for a breakout by the markets to “all time” highs during a holiday shortened, and light trading, week. On Monday, not to be disappointed, that expectation was met. “The good news, as shown in the next chart, is the market was able to clear that downtrend…

Review Let’s start with where we left off last week for some context. “The post ‘Trexit’ rally that started on Wednesday took out the first two levels of resistance with some ease. However, the “sell signal” remains intact with the market now back to extreme overbought levels as shown by the red circles at the top…

If the globalists lose France to Le Pen and she opts for a referendum to exit the EU, they can kiss their Soviet styled EU bloc goodbye. Germany will then need to explore alternative methods to conquer Europe for the third time over the past century. One of the tools of the left to discredit…

Following this morning's chaotic spike higher in cable, the currency pair du jour is falling back quickly following comments from British PM Theresa May confirming the government will not seek an extension to the Article 50 process and plans to exit the EU by end-March 2019. “By the end of March 2019 is the latest…

With the increasingly relevant French presidential elections to have their second round of balloting on the 7th of May 2017, the British government ought to pause any hysterical movements on Brexit. It’s been nearly six months since British voters decided to leave the EU on the 23rd of June, and since no one in the government…

German finance minister Wolfgang Schäuble warns the UK faces stiff rules on tax breaks and prolonged EU payments. Such threats are nothing more than an extortion attempt by the EU on the UK. Schäuble’s threats are laughable because they are unenforceable, yet extremely serious because of likely end results. Please consider yet another foolish…

Two weeks ago we warned of the "unintended consequences" of Dodd-Frank which are likely to crush bond market liquidity. On the day of Brexit we got a glimpse of what can happen when the world's most liquid bond market suddenly isn't and as one veteran bond trader exclaimed today, US Treasury market liquidity is "worse…

Whilst many define the big three moments of 2016 where people saying ‘enough is enough’, stuck their middle finger up at liberal forces as Brexit, Trump and the forthcoming Italian Referendum (which Matteo Renzi will almost certainly lose), I’d like to add a fourth. It’s not a political nor electoral movement, but it does represent…